Update: The government has taken back the decision to hike the fuel prices this afternoon. As soon as government decision reached the streets, the protests started to subside.
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Empirical study method is used to prepare the following article, which tries to diagnose the current incidences, leading to public unrest and strike, of the past two days.
Contributed by: Bishnu Pathak, PhD and Chitra Niraula
The Interim Government (IG) hiked the price of petroleum products the third time, on January 21 implement with the effect of midnight, within six months. Kerosene price was raised from Nepali Rupees 51 to 61/liter, diesel from 56 to 61.30/liter and LPG from 1,100 to 1,250/14.2 kg cylinder. Petrol price was raised a couple of weeks back. The private petrol pumps procure (deposit the amount for) the petrol products and this sudden price raise has earned huge profit which is shared as the commission to concerned senior officials. The Nepal Oil Corporation (NOC) has stated that there is a debit of NRs. 10 billion due to subsidy for the petroleum products. However, petroleum products are not easily available in the market; common people had to stand in queue for many hours to get a meager amount whereas the elites got through embezzlement. The LPG was available in general in black market. Continue reading
By Samyam Waglé